Billionaire Profile
David Fong
Global Rank
#1814

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David Fong

CEO, Real estate
HONG KONG
Real-Time Net Worth
$2.326B
Estimated based on Real estate stock value as of April 20, 2026
0% (24h)
Age
68
Source
Real estate
Industry
Diversified
Citizenship
HONG KONG

Biography

David Fong is the managing director and co-chairman of Hip Shing Hong Group, a prominent Hong Kong-based real estate investment company. With an estimated net worth of $2.3 billion, his wealth stems from his successful ventures in the real estate sector. Fong's career reflects a deep-rooted family legacy, building upon the foundations laid by his father, Fong Yun Wah, who established the company. David Fong's leadership and strategic vision have propelled Hip Shing Hong Group to become a significant player in the Hong Kong real estate market.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

David Fong's roots trace back to a family legacy in Hong Kong's real estate market. His father, Fong Yun Wah, arrived in Hong Kong in 1927 and later founded Hip Shing Hong in 1948. David's upbringing was steeped in the values of hard work and a commitment to the community.

Rise to Success

David Fong took over as the managing director of Hip Shing Hong Group, one of Hong Kong's largest private real estate investment companies. David's son Jonathan is deputy managing director of the group; younger son Vincent runs his own business in healthtech. David's rise to success reflects his strong leadership skills and business acumen.

Key Business Strategies

Under David Fong's leadership, Hip Shing Hong has strategically expanded its portfolio in the commercial, residential and hospitality sectors. A key strategy has been to adapt to market trends, ensuring the company remains competitive. David's vision includes a commitment to incorporating modern management practices and data-driven decision-making. The company has also been expanding its investment across several sectors including residential, commercial, and hospitality.

Philanthropy

David Fong carries the philanthropic baton for his family, serving as Chairman of the Fong Shu Fook Tong Foundation and the Fong's Family Foundation. The Fong family has also generously backed various initiatives of the University over the years, including the research projects of the School of Chinese Medicine and the construction of the Fong Shu Chuen Library on campus.

Career Milestones

2009

Managing Director

Assumed the role of Managing Director of Hip Shing Hong (Holdings) Company Limited.

1993

Returned to Hong Kong

Returned to Hong Kong to work in the family's property business after spending over a decade in the United States.

Philanthropy & Social Impact

Community Development

Fong Shu Fook Tong Foundation

Undisclosed

Serves as Chairman, contributing to various community projects.

Community Development

Fong's Family Foundation

Undisclosed

Serves as Chairman.

Education

Hong Kong Baptist University

Undisclosed

Supports the university's initiatives, including research projects.